If the VAT Liable box is not ticked, you will not have the Fuel Scale Charge or Nominal VAT postings. You will also not be able to post any VAT on your nominal cheque postings.

 

Nominal Postings 

N0 - Nominal Memo 

1. Date 
2. Reference 
3. Description

1. Click 'Post'

N2 - Nominal Cheque 

This posting is used for both credit & debit entries. 

1. Select N2 - Nominal Cheque from the dropdown box.

 

Enter the following details : 

1. Date 
2. Reference 
3. Description

 

Enter the following details : 

1. Gross Amount 
2. Debit/Credit
3. VAT Amount (if applicable)
4. Rate (if applicable)
5. Bank

• Click 'Post'

 

N3 - Nominal Petty Cash

1. Date 
2. Reference 
3. Description

1. Gross Amount 
2. VAT Amount (if applicable)
3. debit/credit
4. Rate (if applicable)

1. Click 'Post'

 

This posting only applies to nominals with the VAT Liable box ticked.

 

This posting type is used for moving money between office bank accounts (option 1) or from one nominal to another nominal (option 2)

1. Select N9 - Nominal Journal from the dropdown box.

 

It may be helpful to set up a Bank Transfer nominal for these types of postings

 

1. Date 
2. Reference
3. Description 
4. Amount

1. debit/credit 
2. Bank
3. Destination (this will be the same nominal as you are already in)
4. Destination Bank

1. Click 'Post'

1. Date 
2. Reference 
3. Description 
4. Amount 

1. Debit/Credit
2. Bank (Ensure this is the same as the destination bank)
3. Destination 
4. Destination Bank (Ensure this is the same as the bank above)

1. Click 'Post'

NL - Nominal Purchase Ledger

This entry is for adding your purchase invoice onto the system, not for paying your invoice.

1. Date (posting date)
2. Reference 
3. Debit/Credit
4. Description

1. Gross Amount 
2. VAT Rate (if applicable)
3. VAT
4. Purchase Ledger (supplier)

1. Invoice Date 
2. Due Date 

1. Click 'Post'

NV - Nominal VAT

This posting only applies to nominal with the VAT Liable box ticked.

 

This posting is used to post a VAT amount from the nominal to the VAT Liability without hitting the bank

1. Select NV - Nominal VAT from the dropdown box.

 

Enter the following details : 

1. Date
2. Reference 
3. Description 

 

Enter the following details : 

1. Amount
2. Rate 
3. Debit/Credit

 

Debit entries will debit your nominal and credit your VAT Inputs; credit entries will credit your nominal and debit your VAT Inputs.

1. Click 'Post'

FSC - Fuel Scale Charge 

This posting type is used to post how much VAT you are to pay back based on fuel if you use a company car for personal use.

1. Date 
2. Reference 
3. Description 

1. Amount 
2. VAT Amount 
3. Debit/Credit (this will always be a credit)
4. Rate 

1. Click 'Post'